ArcelorMittal Buys $1.04 Billion Equity Stake in Vallourec [Yahoo! Finance]
VALLOUREC SA SP/ADR (VLOWY)
NASDAQ:AMEX Investor Relations:
vallourec.com/en/group/finance/investor_relations/pages/default.aspx
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Source: Yahoo! Finance
Most Read from Bloomberg Stock Traders Bracing for Worst Shrug Off Hot CPI: Markets Wrap One of the Most Infamous Trades on Wall Street Is Roaring Back US Core Inflation Tops Forecasts Again, Reinforcing Fed Caution China Has Never Canceled This Many Shipments of US Wheat NY Says Trump Should Post Full Bond During Fraud Case Appeal ArcelorMittal said late Tuesday it signed a share purchase agreement to acquire a 28% equity interest in Vallourec from funds managed by Apollo Global Management Inc. The French steel tube maker supplies products for the energy and industrial sectors, including automotive and construction customers, with the majority of its capacity in the US and Brazil, according to the statement. “As a producer of premium tubular solutions, it has a critical role to play in the energy transition, producing vital products for hydrogen, CCS and geothermal applications, for which demand is expected to grow,” ArcelorMittal Chief Executive Officer Aditya Mitta
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News
- Vallourec progresses its holistic balance sheet refinancing with successful pricing of its 2032 Senior Notes offeringGlobeNewswire
- Vallourec announces $820M senior notes [Seeking Alpha]Seeking Alpha
- Vallourec announces an offering of $820 million of 8-year Senior Notes [Yahoo! Finance]Yahoo! Finance
- Vallourec announces an offering of $820 million of 8-year Senior NotesGlobeNewswire
- NEXTCHEM (MAIRE) TO COMBINE ITS PROPRIETARY GREEN AMMONIA TECHNOLOGY WITH VALLOUREC'S HYDROGEN STORAGE SYSTEM TO OFFER AN INTEGRATED SOLUTION FOR "POWER-TO-X" PROJECTSPR Web